Jeremy McKinnon leads MacroPlan’s Advisory Services practice and is a senior property analyst with over 17 years of national and international experience. Jeremy specialises in property economics, research and development advisory. He is commercially focused with extensive due diligence and transaction experience.
What makes the Gold Coast an appealing destination for property investment?
Other than the best climate and beaches in Australia, the Gold Coast has major infrastructure investment planned and underway, price arbitrage opportunities across most asset types compared to the other East Coast Capital cities and most importantly it has strong underlying growth. The City has now reach a critical mass threshold at 600,000 and is projected to double in size over the next 35 years. No other large Australian city can boast that.
In addition to the transformative civic projects that have been developed for the Commonwealth Games, what other major development/s do you think will have an impact on Gold Coast as a city?
The ASF Integrated Resort proposal in my opinion is a no-brainer. It is projected to deliver over 13,000 jobs and a tourism product targeted at the world’s largest growing source market. The Gold Coast needs new and innovative tourism products and I think we need to look at how best this project can be facilitated. Other than that, delivery of the Airport Masterplan will continue to drive the transformation of the Southern Gold Coast. As a gateway for international travellers, a bookend for the light rail, and an expanding business and education hub the continued evolution of the GC Airport brings with it huge multiplier benefits.
In your view, what will Australian cities look like in 50 years? And how do we get there?
If history tells us anything then it is that they will be significantly different from now and equally hard to predict, with technology continuing to drive change and disrupt industries and ICT the gateway for our growth sectors. What we do know is that they will be large, with Sydney and Melbourne both over 8 million people. The demographic will be much older, with significant industries having evolved from the impacts of health costs and ageing, and international connectivity transitioning our cities to service-driven economies. To get there, plans need to be innovative and forward looking, its important they consider change, whether that be ESD or autonomous vehicles, and it’s imperative they consider the impacts on how we live, work and travel. Ultimately it’s about ensuring that discussions are had, so that future decisions are informed by a view that looks to future generations.
What are some of the biggest challenges facing the Gold Coast in 2017?
The GC is rapidly evolving and with new capital city demands it is inevitable some growth pains will be felt. Managing population growth is an ongoing challenge, however a real opportunity exists for new innovative responses to medium density housing and transport oriented development. Continued infrastructure commitment is critical, the M1 is a real choke point and getting worse and future funding for the Stage 3 light rail and heavy rail expansion/duplication is critical.
The Commonwealth Games 2018 is one of the biggest events the Gold Coast has hosted. What city planning has been implemented to ensure a smooth running of the Games?
The Commonwealth Games are no doubt a big deal for the Coast, with an estimated $2bn direct injection and over 100,000 additional visitors. In addition to a mix of new and upgraded venues, the City has been undertaking a range of city improvement and public domain projects including upgrades to Southport and Broadbeach Malls, tree planting, street-scaping, road and footpath upgrades, new pedestrian and cycle paths and community health and safety initiatives. All of these projects will have significant legacy benefits for the GC community.
Contact Jeremy McKinnon today: 07 3221 8166 firstname.lastname@example.org